Overseas Headlines – April 9, 2021

United States:

Five Real-Time Charts Show U.S. Economic Recovery Is Lifting Off

“Recent reports show the U.S. economy is on a solid recovery path, but real-time indicators suggest the magnitude of the consumer-led rebound could be even more dramatic. Sectors that have lagged in the Covid-19 pandemic shutdowns –- including airlines, hotels and even movie theaters –- are showing a strong improvement as vaccinations accelerate.”



ECB Steps Up Warnings to EU Not to Delay Joint Recovery Stimulus

“European Central Bank policy makers stepped up their pressure on the region’s governments to get on with their joint fiscal stimulus, using stronger language to warn of economic chaos for the region if politicians move too slow. Bank of Italy Governor Ignazio Visco called the European Union recovery fund “crucial” in an interview with Bloomberg TV, and Executive Board member Isabel Schnabel said separately that a long delay would be a “disaster.”



China’s Factory Price Surge Deepens Global Inflation Worries

“China’s producer prices climbed in March by the most since July 2018 on surging commodity costs, adding to worries over rising global inflation as the pandemic recedes. The producer price index rose 4.4% from a year earlier after gaining 1.7% in February, the National Bureau of Statistics said Friday, higher than the 3.6% median estimate in a Bloomberg survey of economists. The consumer price index increased 0.4% after falling for two straight months.”



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